TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Circular Clarifies ITC for Deemed Exports, Employer Perquisites, and Ledger Usage Under Section 17 of CGST Act</h1> The circular addresses several GST-related issues. It clarifies that Input Tax Credit (ITC) for deemed export supplies is not subject to Section 17 of the CGST Act and should not be included in 'Net ITC' for refunds. The proviso in Section 17(5)(b) applies to the entire clause, and ITC is not barred for leasing other than motor vehicles, vessels, and aircraft. Employer-provided perquisites under a contractual agreement are not subject to GST. The electronic credit ledger can be used for output tax payments but not for reverse charge or other liabilities, while the electronic cash ledger can cover all GST liabilities.
TaxTMI 